Mainstreet Bancshares, Inc. · NASDAQ:MNSB
Mainstreet Bancshares — Q3 2020 Earnings Presentation
18 slides from Mainstreet Bancshares's earnings presentation, Dec 4, 2020
Slide 1: MainStreet Bancshares Financial Highlights 3rd Quarter 2020
MainStreet Bancshares, Inc. Nasdaq: MNSB & MNSBP Financial Highlights 3rd Quarter 2020 A Russell 2000 Company December 3, 2020 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. The statements contained in this presentation that are not historical facts are forward-looking statements as defined in the Private Se
Slide 3: About MainStreet Bank
About MainStreet Bank Leesburg Herndon McClean Arlington Fairfax Washington The Northern Virginia Region MainStreet Bank Branch Loudoun County Prince William County Fairfax County District of Columbia Arlington County Bank Established: May 26, 2004 Holding Company Established: July 15, 2016 Headquar
Slide 4: Third Quarter Income
Third Quarter Income Q3 2020 (YTD): Interest Income: $32.9 Million Non-Interest Income: $5.6 Million Net Income: $8.0 Million Third Quarter’s net income was a record $5.17 Million Quarterly Net Income ($000s)
Slide 5: Strong Growth Story
Strong Growth Story ‘04 May 2004 $12.5M Private Placement of Common Stock ‘05 August 2005 $12.6M Private Placement of Common Stock & Began trading on OTC Market ‘14 December 2014 $12.8M Private Placement of Common Stock ‘16 ‘17 ‘18 ‘19 ‘20 July 2016 Formed Holding Company / Began Trading on OTCQX Ja
Slide 6: Strong Loan Growth
Strong Loan Growth Loan Portfolio Composition as of 9/30 Gross Loan Growth ($MM) CAGR: 26.3%1 Total Loans: $1.3B 2015 to 2020 YTD Compound Annual Growth Rate
Slide 7: Strong Deposit Growth
Strong Deposit Growth Deposit Composition as of 9/30 Noninterest-Bearing Deposits ($000) Total Deposits: $1.4B Noninterest Bearing Deposits increased 53% since Year-End 2019 and account for 29.4% of all Deposits
Slide 8: Profitability
Profitability* Core ROAA (%)1 EPS ($) Core ROATCE (%)1 TBVPS ($)1 Non-GAAP measure. * 2020 is LTM
Slide 9: Operating Efficiency, Margin Trends, and Capital
Operating Efficiency, Margin Trends, and Capital* Net Interest Margin (%) Noninterest Income/Operating Revenue (%) 1 Efficiency Ratio (%) TCE/TA (%)2 1 Noninterest income excluding nonrecurring revenue/total revenue excluding nonrecurring revenue Non-GAAP measure. * 2020 is LTM
Slide 10: Credit Quality and Loss Provisioning
Credit Quality and Loss Provisioning Risk Financials Loss Reserve NPAs / Assets (%) ALLL / Gross Loans (%) 1 Noninterest income excluding nonrecurring revenue/total revenue excluding nonrecurring revenue 2 Non-GAAP measure. ($000) Unless Otherwise Noted 2018 2019 Q1 2020 Q2 2020 Q3 2020 Credit Quali
Slide 11: PPP & COVID
PPP & COVID COVID-19 Disclosures Q2 2020 Q3 2020 PPP Loans ($000) $171,650 $173,075 PPP Loan Ratio 13.63% 13.52% PPP Processing Fees ($000) $591 $1,235 COVID-19 Disclosures, as of September 30, 2020 Outstanding Loan Deferments Number of Months Deferred Total Number 1 2 3 4 Total of Loaj Type (000's)
Slide 12: Hotel Portfolio Locations
Hotel Portfolio Locations Note: Information as of June 30, 2020 1Data shown for MainStreet’s 14 operating hotel loans The borrowers that comprise MainStreet’s hotel loan portfolio seem to be positioned favorably to surmount the challenges from COVID-19 currently faced by the hospitality industry The
Slide 13: Improving Hotel Occupancy/RevPAR Trends
Notes:Data shown for MainStreet’s 14 operating hotel loans through August of 2020. 1 RevPAR, or revenue per available room, is a performance metric used by hotels calculated by dividing a hotel’s total guestroom revenue by the room count and the number of days in the period being measured. Portfolio
Slide 14: External Analytics
MainStreet Bancshares, Inc. External Analytics “MNSB beats our estimates by $0.20 on fee, spread income. Updating forward EPS & TBV outlook for preferred proceeds.” “MNSB trades at 82% of Tangible Book Value(TBV). Reiterate BUY rating with $18.00 Fair Value which is 100% P-to-TBV on our 2021 year-en
Slide 15: Excellent Board Diversity
Excellent Board Diversity Slide 15 MainStreetBancshares, Inc.
Slide 16: Depositary Share Offering & Stock Repurchase Program
Depositary Share Offering & Stock Repurchase Program Depositary Shares 1.15 million shares (Nasdaq: MNSBP) Each depositary share represents a 1/40th interest in a share of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, $1,000 liquidation preference per share. $28.75 million gros
Slide 17: Summary of Financial Information
Summary of Financial Information Year-End Financials Quarter-End Financials In $000 unless otherwise noted 2015 2016 2017 2018 2019 9/30 LTM Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Interest Income 17,987 21,577 26,954 43,836 58,813 60,634 15,101 15,028 15,116 14,904 15,586 Interest Expense 2,342 3,071 5,472 1
Slide 18: Summary of Financial Information – cont.
Summary of Financial Information – cont. Year-End Financials Quarter-End Financials In $000 unless otherwise noted 2015 2016 2017 2018 2019 9/30 LTM Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Performance Metrics (%) ROAA 0.53 0.75 0.6 0.97 1.19 0.83 1.24 1.16 1.04 -0.17 1.34 ROAE 5.32 8.76 7.45 10.38 10.79 8.2 1
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